Tag: US home market

Sales of new U.S. single-family homes plunged in August as the 30-year mortgage rate rose past 7%, thereby discouraging would-be buyers. According to data from the Commerce Department on Tuesday, new home sales declined by 8.7% to a seasonally adjusted rate of 675,000 units,...

Home prices rose for a sixth consecutive month in July, with the S&P Case-Shiller US National Home Price Index reaching an all-time high, surpassing its previous record in June 2022. The index rose 0.6% from the previous month and 1% on a year-over-year basis....

The increased demand for homes coupled with depressed supply has caused U.S. home prices to get dangerously close to an all-time high. This was revealed in Redfin’s recent report about the state of the market for June. According to the report, the median home sale...

Home prices increased in April for a third consecutive month, data released on Tuesday showed. This signals that the housing market is on the path to recovery. The S&P CoreLogic Case-Shiller US National Home price index increased by 0.5% in April on a seasonally adjusted...

The U.S. housing market appears to be becoming increasingly favorable for homebuilders, the National Association of Home Builders (NAHB)/Wells Fargo housing market index released on Monday revealed. Rising from 50 to 55 in June, this is the first time in 11 months that the index...

A report published by the National Association of Realtors and Realtor.com revealed that middle-class U.S. homebuyers have been hit by a shortage of available housing. While 51% of U.S. earners bring in a household income of $75,000 or less, the report found that only 23%...